Structured Products Gain Ground in Asia
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Yahoo
3 hours ago
- Yahoo
Chinese economy bucks looming trade war to post Q2 GDP growth of 5.2%
July 15 (UPI) -- China's economy slowed in the second quarter but bucked expectations of a larger slowdown in the face of U.S. tariffs, a property market slump and a sluggish global economy, official figures out Tuesday show. Annual GDP growth came in at 5.2% in the April to June quarter compared with 5.4% in the first quarter, the National Bureau of Statistics said in its latest bulletin on the national economy. "The national economy withstood pressure and made steady improvement despite challenges. Production and demand grew steadily, employment was generally stable, household income continued to increase, new growth drivers witnessed robust development and high-quality development made new strides," the bureau said. The economic performance was bolstered by strong industrial output growth of 6.4%, led by manufacturing and mining. Production of 3D printing devices, electric vehicles and industrial robots, in particular, posted huge year-on-year growth of 43.1%, 36.2% and 35.6%, respectively. Industrial growth accelerated toward the end of the quarter, jumping to 6.8% in June compared with 5.3% in June 2024, and up 0.50% from May. The services sector was another bright spot for the world's second-largest economy with industries including software and IT services, transport and finance all recording stronger than average growth Annual retail sales growth, however, slowed to 4.8% in June compared with 6.4% in May. The country's crisis-hit real estate sector, which accounts for as much as a quarter of GDP, remained under pressure with a slump in investment deepening, down more than 11% compared with just over 10% in the same period in 2024. Standard Chartered economist Shuang Ding said the Chinese economy may not prove as resilient in the second half of the year as it had been thus far in 2025 due to an uplift from efforts to get goods to the United States ahead of the imposition of tariffs, as well as economic stimulus from the government in Beijing. "There will be some headwinds. Higher tariffs will take a toll on China's exports," Ding told the Financial Times. Chinese exporters may have seized on a window of opportunity provided by a series of pauses by the Trump administration in implementing reciprocal tariffs announced April 2 to get as much product stateside before the ax falls. However, China's previously heavily U.S.-dependent economy may already have adapted to the post-trade tariffs reality with the proportion of U.S. trade accounted for by China falling to 5.9% in May, its lowest level since 2002, according to U.S. Census Bureau figures. Analysis of the figures by Forbes Magazine found U.S. imports from China fell almost 28% in the first five months of the year compared with the same period in 2018, but that there was a corresponding jump in imports from the rest of the world of more than 47%. China has gone from being the United States' largest trading partner to its third, behind Mexico and Canada. The huge drop may signal a wholesale effort by Chinese manufacturers to shift operations elsewhere to avoid the impending trade tariffs on China -- or simply an acceleration to triple-digit levels of imports from countries like Vietnam, Taiwan, South Korea and Mexico that was happening anyway.
Yahoo
3 hours ago
- Yahoo
Davis Commodities Explores Carbon Credit Trading Unit to Integrate ESG with Certified Commodity Trade
SINGAPORE, July 15, 2025 (GLOBE NEWSWIRE) -- Davis Commodities Limited (Nasdaq: DTCK), a Singapore-based global agricultural commodities trading firm, announced plans to establish a dedicated Carbon Credit Trading Unit as part of its ESG and digital integration strategy. This initiative aims to combine certified carbon offsets with premium commodity exports, enhancing sustainability compliance, traceability, and differentiation for global institutional buyers. Advancing a Carbon-Integrated Commodity Model In response to increasing demand for ESG-aligned trade and voluntary carbon market participation, Davis Commodities is preparing to introduce carbon-offset-linked transactions across select product lines. The initial rollout is expected to feature Bonsucro-certified sugar and ISCC-certified rice, with each shipment planned to include a verified volume of carbon credits to support buyer 'net-zero' objectives. The company intends to source these credits from Gold Standard and Verra-certified reforestation and regenerative agriculture projects and is also evaluating blockchain-based carbon registries to enhance traceability and reporting. In parallel, Davis Commodities is in the early stages of developing a proprietary digital dashboard that will allow clients to monitor, audit, and eventually retire their carbon credits in real time. Capturing Opportunity in a Growing Market Based on internal research and industry projections, Davis Commodities estimates a potential $2 billion addressable opportunity in carbon-integrated agricultural trading over the next three years. Demand from multinational food manufacturers, CPG firms, and carbon-conscious commodity buyers across Asia, Europe, and the Americas is driving the evolution of premium ESG-linked trade practices. The company's initial focus will be on ESG-certified sugar exports to the EU and Japan. Future phases under consideration include the expansion into rice and palm oil trades across Southeast Asia and West Africa by 2026. Davis Commodities also plans to explore opening its carbon trading platform to third-party agricultural producers and logistics stakeholders by 2027. Executive Commentary Ms. Li Peng Leck, Executive Chairwoman and Executive Director of Davis Commodities, commented: "Carbon credits are emerging as a key value driver in commodity trading. By integrating verified offsets into our ESG-certified supply chains, we aim to provide institutional buyers with both environmental accountability and competitive advantages. This initiative is a logical step in our ongoing commitment to sustainability-driven capital allocation." Financial and Strategic Considerations Carbon-offset-enabled trades may command price premiums over traditional contracts. Based on initial modeling and comparable market data, Davis Commodities anticipates potential incremental high-margin revenue of $10–$15 million by the end of 2026, subject to execution timelines, client uptake, and market conditions. This initiative complements Davis Commodities' broader commitment to sustainable trade infrastructure and builds on recent developments in blockchain traceability, tokenized trade models, and the company's exploration of a Solana-based digital reserve strategy. Visibility & Digital Discovery This initiative enhances Davis's presence in capital markets and ESG finance channels by aligning with key themes, including 'carbon credit trading,' 'ESG-certified commodities,' 'carbon offset agriculture,' 'net-zero supply chain,' and 'voluntary carbon market.' About Davis Commodities Limited Based in Singapore, Davis Commodities Limited is an agricultural commodity trading company that specializes in trading sugar, rice, and oil and fat products in various markets, including Asia, Africa and the Middle East. The Company sources, markets, and distributes commodities under two main brands: Maxwill and Taffy in Singapore. The Company also provides customers of its commodity offerings with complementary and ancillary services, such as warehouse handling and storage and logistics services. The Company utilizes an established global network of third-party commodity suppliers and logistics service providers to distribute sugar, rice, and oil and fat products to customers in over 20 countries, as of the fiscal year ended December 31, 2024. For more information, please visit the Company's website: Forward-Looking Statements This press release contains certain forward-looking statements, within the meaning of the 'safe harbor' provisions of the United States Private Securities Litigation Reform Act of 1995, relating to the fundraising plans of Davis Commodities Limited. These forward-looking statements generally can be identified by terms such as 'believe,' 'project,' 'predict,' 'budget,' 'forecast,' 'continue,' 'expect,' 'anticipate,' 'estimate,' 'intend,' 'strategy,' 'future,' 'opportunity,' 'plan,' 'may,' 'could,' 'should,' 'will,' 'would,' and similar expressions or negative versions of those expressions. Forward-looking statements are predictions, projections, and other statements about future events that are based on current expectations and assumptions and, therefore, subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements contained in this press release. The Company's filings with the SEC identify and discuss other important risks and uncertainties that could cause events and results to differ materially from those indicated in these forward-looking statements. Forward-looking statements speak only as of the date on which they are made. Readers are cautioned not to place undue reliance upon forward-looking statements. Davis Commodities Limited assumes no obligation, and expressly disclaims any intention or obligation, to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. CONTACT: For more information, please contact: Davis Commodities Limited Investor Relations Department Email: investors@ Celestia Investor Relations Dave Leung Email: investors@
Bloomberg
5 hours ago
- Bloomberg
UAE Share Sales Regain Momentum While Saudi Faces Valuation Test
The United Arab Emirates is seeing renewed momentum in equity capital markets heading into the second half of 2025, while Saudi Arabian firms eying share sales face investor caution over valuations. Planned deals in the UAE are building on May's successful debut of a residential real estate investment trust, which helped revive sentiment after several muted listings late last year. Dubai's ALEC Engineering & Contracting LLC has been holding investor meetings ahead of a potential listing after the summer, according to people familiar with the matter.
